--------------------------------------------------------
      name:  <unnamed>
       log:  D:\research\monetary\pricing\US_CPI\code\..
> /data/US_LP.log
  log type:  text
 opened on:  18 May 2019, 17:13:38

. 
. global path_graphs = "../text/figures/"

. 
. use "../data/aggregateData.dta", clear

. rename month dm

. * drop categoryID
. sort dm

. save "../data/IRi_data.dta", replace
file ../data/IRi_data.dta saved

. 
. * Load ea data, prepare it for analysis
. import delimited using "../data/usdata.csv", delimiter
> s(",") varnames(1) clear
(731 vars, 466 obs)

. gen dm=ym(year,month)

. format dm %tm

. order dm, first

. tsset dm, monthly
        time variable:  dm, 1979m7 to 2018m4
                delta:  1 month

. keep dm ff4_hf sp500_hf gss1_hf signnegm_ff4sp500 sign
> posm_ff4sp500 ///
>                  pmnegm_ff4sp500 pmposm_ff4sp500 pmneg
> m_gss1sp500 pmposm_gss1sp500 ///
>                  ebpnew ip sp500 baa_spread_moodys_m m
> ortg_spread_m ff gs1 gs2 cpi cpi_core unrate ///
>                  ppi ppi_fg ppi_ind ppi_fg_core

.                  
. * Create log-differences and annualize aggregate varia
> bles
. foreach var of varlist ip cpi cpi_core unrate ppi* {
  2.         gen l`var' = 100*log(`var')
  3.         gen dl`var' = D.l`var'
  4. }
(16 missing values generated)
(17 missing values generated)
(16 missing values generated)
(17 missing values generated)
(16 missing values generated)
(17 missing values generated)
(16 missing values generated)
(17 missing values generated)
(93 missing values generated)
(95 missing values generated)
(16 missing values generated)
(17 missing values generated)
(16 missing values generated)
(17 missing values generated)
(16 missing values generated)
(17 missing values generated)

. 
. * Annualize ip and hicp
. foreach var of varlist ff gs1 gs2 ebpnew baa_spread_mo
> odys_m mortg_spread_m sp500 {
  2.         gen d`var'=D.`var'
  3. }
(17 missing values generated)
(17 missing values generated)
(17 missing values generated)
(1 missing value generated)
(17 missing values generated)
(20 missing values generated)
(17 missing values generated)

. 
. ** Seasonal adjustment
. gen month_nr = month(dofm(dm))

. tab month_nr, gen(month_)

   month_nr |      Freq.     Percent        Cum.
------------+-----------------------------------
          1 |         39        8.37        8.37
          2 |         39        8.37       16.74
          3 |         39        8.37       25.11
          4 |         39        8.37       33.48
          5 |         38        8.15       41.63
          6 |         38        8.15       49.79
          7 |         39        8.37       58.15
          8 |         39        8.37       66.52
          9 |         39        8.37       74.89
         10 |         39        8.37       83.26
         11 |         39        8.37       91.63
         12 |         39        8.37      100.00
------------+-----------------------------------
      Total |        466      100.00

. local sample "year(dofm(dm))>=1990 & year(dofm(dm))<=2
> 018"

. 
. foreach var of varlist dlppi {
  2.         gen `var'_sa= .
  3.         qui regress `var' month_1-month_12 if `samp
> le', noconst
  4.         qui replace `var'_sa=(_b[month_1]+_b[month_
> 2]+_b[month_3]+_b[month_4]+_b[month_5]+_b[month_6]+_b[
> month_7]+_b[month_8]+_b[month_9]+_b[month_10]+_b[month
> _11]+_b[month_12])/12 if `sample'                // Ad
> d average coefficient
  5.         qui replace `var'_sa=`var'+`var'_sa -_b[mon
> th_1]*month_1-_b[month_2]*month_2-_b[month_3]*month_3-
> _b[month_4]*month_4-_b[month_5]*month_5-_b[month_6]*mo
> nth_6-_b[month_7]*month_7-_b[month_8]*month_8-_b[month
> _9]*month_9-_b[month_10]*month_10-_b[month_11]*month_1
> 1-_b[month_12]*month_12 if `sample'  // Subtract seaso
> nal component
  6.         gen d`var'_sa = D.`var'_sa
  7. }
(466 missing values generated)
(143 missing values generated)

.         
. drop month_*

. 
. gen lppi_sa = sum(dlppi_sa)

. replace lppi_sa =. if lppi_sa==0
(126 real changes made, 126 to missing)

. 
. 
. merge 1:1 dm using "../data/IRi_data.dta"

    Result                           # of obs.
    -----------------------------------------
    not matched                           323
        from master                       323  (_merge==
> 1)
        from using                          0  (_merge==
> 2)

    matched                               143  (_merge==
> 3)
    -----------------------------------------

. drop _merge

. //turn growth measures into percent terms
. foreach var of varlist DL_* {
  2.         replace `var'=100*`var'
  3. }
(143 real changes made)
(140 real changes made)
(140 real changes made)
(143 real changes made)
(142 real changes made)
(142 real changes made)
(142 real changes made)
(143 real changes made)
(142 real changes made)
(143 real changes made)
(142 real changes made)
(143 real changes made)
(142 real changes made)
(143 real changes made)
(140 real changes made)
(140 real changes made)
(143 real changes made)
(143 real changes made)
(143 real changes made)
(143 real changes made)
(143 real changes made)
(143 real changes made)
(143 real changes made)
(143 real changes made)
(143 real changes made)
(143 real changes made)
(140 real changes made)
(140 real changes made)
(140 real changes made)
(140 real changes made)
(140 real changes made)
(140 real changes made)

. tsset dm, monthly
        time variable:  dm, 1979m7 to 2018m4
                delta:  1 month

. 
. * Set some parameters
. local NImpLen = "24"

. * local price_list = "DL_price_raw_v1_r_SA DL_price_re
> f_v1_r_SA DL_price_reg5_v1_r_SA DL_RTR_SoD_v1_r_new_SA
>  DL_Sref_v1_r_SA dgs1 dff"
. * local price_label_list = "Posted_prices Reference_pr
> ices Regular_prices Real_expenditures Sales_prices_(re
> f) 1_year_rate Federal_funds_rate"
. * foreach price_var in "`price_list'" {
. *       local price = "`price_var'"
. *}
. local price =  "DL_PRF_reset_SA"   //"dlcpi"     //"dg
> s1"     //"dlip"     //"dlppi_sa""DL_RTR_SoD_v1_r_new_
> SA"   //"DL_Sref_v1_r_SA"   //"DL_price_raw_v1_r_SA"  
>  //"dff" //"dgs1" //"DL_Sref_v1_r_SA" "DL_P_reset_SA" 
> //"size_ref_v1_r_SA"  //"size_ref_v1_r_SA"  //"DP_pric
> e_ref_v1_r_SA" "DP_Sref_v1_r_SA""DL_Sref_v1_r_SA"   "D
> L_price_ref_v1_r_SA" "DL_TR_DoS_v1_r_new_SA"   //  // 
>   //"dlcpi_core"   //"dde1y"

. local price_label = "Reset prices"  //"Industrial prod
> uction"   //"Producer prices"  //  //"1 year rate"  //
> "Producer price index"  //"Real expenditures"  //"Sale
> s inflation (ref)"   // "Reference prices"   //"Federa
> l funds rate"  //"1-year rate"  //"Sales inflation (re
> f)"  //  //"1-year Bund rate"  //"HICP (log)"

. local instrument = "pmnegm_ff4sp500"   //"ff4_hf"  // 
> //"pmnegm_ff4sp500" //  "ff4_hf"  //   // "FF4_alt1_no
> rm"    ////"signnegm_eureon3mstoxx50" //  

. local instrument_label "Poor man's monetary policy sho
> ck" //"3-month federal funds surprise" //  

. local controls = "l(1/6).(lip lppi_sa gs1 ebp)"

. local controls_label "PPI (log), IP (log), 1-year Trea
> sury, ebp (all with 6 lags)"

. local controls_name "ppiipgs1ebp16"

. 
. global balanceSample = "1"

. local sample = "year(dofm(dm))>=2001 & dm<tm(2012,12)"
>    //"year(dofm(dm))>=2001 & year(dofm(dm))<=2010"

. 
. * Prep results matrix
. mat results = J(`NImpLen'+1, 3, .)

. mat colnames results = horizon b se

. 
. * Balance sample
. if "$balanceSample" == "1" {
.         reg `price' F`NImpLen'.`price' `instrument' if
>  `sample'

      Source |       SS           df       MS      Numbe
> r of obs   =       115
-------------+----------------------------------   F(2, 
> 112)       =      7.36
       Model |  36.2864214         2  18.1432107   Prob 
> > F        =    0.0010
    Residual |  275.989794       112  2.46419459   R-squ
> ared       =    0.1162
-------------+----------------------------------   Adj R
> -squared   =    0.1004
       Total |  312.276215       114  2.73926505   Root 
> MSE        =    1.5698

--------------------------------------------------------
> ----------------------
DL_PRF_res~A |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
DL_PRF_res~A |
        F24. |  -.3729069   .0973242    -3.83   0.000   
>  -.5657423                                            
>              -.1800715
             |
pmnegm_f~500 |  -1.930486   2.786002    -0.69   0.490   
>  -7.450591                                            
>               3.589619
       _cons |   .2407661   .1482378     1.62   0.107   
>  -.0529481                                            
>               .5344803
--------------------------------------------------------
> ----------------------
.         gen esample = e(sample)
. }

. 
. * Obtain sample length
. sum dm if esample == 1

    Variable |        Obs        Mean    Std. Dev.      
>  Min        Max
-------------+------------------------------------------
> ---------------
          dm |        115    551.9478    33.42833       
>  494        609

. local firstMonth : di %tm = r(min)

. local lastMonth : di %tm = r(max)

.                                 
. di "Sample: `firstMonth' - `lastMonth'"
Sample:  2001m3 - 2010m10

. 
. preserve

. 
. foreach h of numlist 0/`NImpLen' {
  2.         * Local projection step
.         ** Generate summed dependent variable (over ho
> rizon) ..
.         * Sum up leads
.         local prevH = `h' - 1
  3.         if `h' == 0 gen `price'_h`h' = `price'
  4.         * else gen `price'_h`h' = (F`h'.`price' + `
> price'_h`prevH'*`h')/(`h'+1)  //if inflation
.         else gen `price'_h`h' = F`h'.`price' + `price'
> _h`prevH'
  5. 
.         local inflationToUse = "`price'_h`h'"
  6.                                         
.         * Instrument is contemporaneous (this is a hac
> k to ensure we can keep the same code for the regressi
> ons)(all it does is say "use the instrument as is")
.         local instrumentToUse = "`instrument'"
  7.         
.         reg `inflationToUse' `instrumentToUse' `contro
> ls' if esample == 1, robust
  8. 
.         * Store results in matrix
.         local rowNumber = `h' + 1
  9.                                         
.         mat b = e(b)
 10.         mat V = e(V)
 11.         mat se = sqrt(V[1,1])
 12. 
.         mat results[`rowNumber', 1] = `h'
 13.         mat results[`rowNumber', 2] = b[1,1]
 14.         mat results[`rowNumber', 3] = se[1,1]
 15. }
(326 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       1.37
                                                Prob > F
>           =     0.1445
                                                R-square
> d         =     0.1829
                                                Root MSE
>           =     1.6933

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~0 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -3.072515   3.298451    -0.93   0.354   
>  -9.626467                                            
>               3.481437
             |
         lip |
         L1. |  -.2607968   .3682321    -0.71   0.481   
>  -.9924661                                            
>               .4708726
         L2. |   .5083049   .3552556     1.43   0.156   
>  -.1975805                                            
>                1.21419
         L3. |  -.3756644   .3189771    -1.18   0.242   
>  -1.009465                                            
>               .2581363
         L4. |    .007041   .3447855     0.02   0.984   
>  -.6780405                                            
>               .6921224
         L5. |   .7801441   .3139502     2.48   0.015   
>   .1563317                                            
>               1.403956
         L6. |  -.6301348   .2380633    -2.65   0.010   
>  -1.103162                                            
>              -.1571082
             |
     lppi_sa |
         L1. |   .1630477   .1627084     1.00   0.319   
>  -.1602504                                            
>               .4863458
         L2. |  -.1516557   .2347508    -0.65   0.520   
>  -.6181005                                            
>               .3147891
         L3. |  -.1634419   .2499573    -0.65   0.515   
>  -.6601017                                            
>               .3332179
         L4. |   .3376672   .2296421     1.47   0.145   
>  -.1186268                                            
>               .7939611
         L5. |  -.3154765   .1869376    -1.69   0.095   
>  -.6869174                                            
>               .0559645
         L6. |   .1339052   .1200714     1.12   0.268   
>   -.104674                                            
>               .3724845
             |
         gs1 |
         L1. |   1.294174    1.09675     1.18   0.241   
>  -.8850444                                            
>               3.473393
         L2. |  -2.977916   2.124862    -1.40   0.165   
>   -7.19997                                            
>               1.244139
         L3. |    2.70018   2.048635     1.32   0.191   
>  -1.370414                                            
>               6.770774
         L4. |    -1.3094   1.832759    -0.71   0.477   
>  -4.951053                                            
>               2.332252
         L5. |  -.5426195     1.6188    -0.34   0.738   
>  -3.759141                                            
>               2.673902
         L6. |   .7926039    .978939     0.81   0.420   
>  -1.152527                                            
>               2.737735
             |
      ebpnew |
         L1. |   .9208774   .6318059     1.46   0.148   
>  -.3345075                                            
>               2.176262
         L2. |  -1.202638   .8256068    -1.46   0.149   
>  -2.843101                                            
>               .4378252
         L3. |  -.5166074   .9291105    -0.56   0.580   
>   -2.36273                                            
>               1.329515
         L4. |   .9474002   .6556073     1.45   0.152   
>  -.3552776                                            
>               2.250078
         L5. |  -.2992608   .7122811    -0.42   0.675   
>  -1.714548                                            
>               1.116026
         L6. |   .1625352   .6749597     0.24   0.810   
>  -1.178595                                            
>               1.503666
             |
       _cons |  -13.10915   43.60275    -0.30   0.764   
>  -99.74688                                            
>               73.52858
--------------------------------------------------------
> ----------------------
(327 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       1.91
                                                Prob > F
>           =     0.0147
                                                R-square
> d         =     0.2520
                                                Root MSE
>           =     1.5884

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~1 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |   -1.75261   2.970978    -0.59   0.557   
>   -7.65588                                            
>                4.15066
             |
         lip |
         L1. |   .0857146   .2714558     0.32   0.753   
>  -.4536623                                            
>               .6250916
         L2. |     .08638   .3392866     0.25   0.800   
>  -.5877752                                            
>               .7605353
         L3. |  -.3250776   .3319586    -0.98   0.330   
>  -.9846722                                            
>                .334517
         L4. |   .7201468   .3120792     2.31   0.023   
>   .1000522                                            
>               1.340241
         L5. |  -.3762531   .3295442    -1.14   0.257   
>  -1.031051                                            
>               .2785443
         L6. |  -.0769484   .2815431    -0.27   0.785   
>  -.6363685                                            
>               .4824716
             |
     lppi_sa |
         L1. |   .2893161   .1638653     1.77   0.081   
>  -.0362807                                            
>               .6149128
         L2. |  -.3941583   .2604366    -1.51   0.134   
>  -.9116402                                            
>               .1233236
         L3. |   .1891249    .218731     0.86   0.390   
>   -.245489                                            
>               .6237388
         L4. |  -.1548935   .2187877    -0.71   0.481   
>    -.58962                                            
>                .279833
         L5. |  -.0198912   .2002326    -0.10   0.921   
>   -.417749                                            
>               .3779667
         L6. |   .0882664    .136279     0.65   0.519   
>   -.182517                                            
>               .3590498
             |
         gs1 |
         L1. |   .2101105     1.0469     0.20   0.841   
>  -1.870058                                            
>               2.290279
         L2. |  -1.098736   2.077478    -0.53   0.598   
>  -5.226641                                            
>               3.029168
         L3. |   1.379509   2.108819     0.65   0.515   
>  -2.810669                                            
>               5.569687
         L4. |  -2.427634   1.738034    -1.40   0.166   
>  -5.881071                                            
>               1.025804
         L5. |   2.255699   1.449829     1.56   0.123   
>   -.625081                                            
>                5.13648
         L6. |  -.4505728    .801754    -0.56   0.576   
>  -2.043641                                            
>               1.142495
             |
      ebpnew |
         L1. |    .756108   .4879853     1.55   0.125   
>  -.2135083                                            
>               1.725724
         L2. |  -1.508669   .7317858    -2.06   0.042   
>  -2.962712                                            
>              -.0546265
         L3. |   .4382647    .805198     0.54   0.588   
>  -1.161647                                            
>               2.038176
         L4. |   .2691122   .8128678     0.33   0.741   
>  -1.346039                                            
>               1.884263
         L5. |   -.902889   .6328726    -1.43   0.157   
>  -2.160393                                            
>               .3546153
         L6. |    1.02108   .6015913     1.70   0.093   
>  -.1742693                                            
>               2.216429
             |
       _cons |  -51.47695   44.49227    -1.16   0.250   
>  -139.8821                                            
>               36.92825
--------------------------------------------------------
> ----------------------
(328 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       5.56
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.4277
                                                Root MSE
>           =     1.2351

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~2 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -2.500096   2.419925    -1.03   0.304   
>  -7.308434                                            
>               2.308243
             |
         lip |
         L1. |   .0350086   .2029721     0.17   0.863   
>  -.3682925                                            
>               .4383098
         L2. |   .2711567   .2279519     1.19   0.237   
>  -.1817789                                            
>               .7240924
         L3. |    .317029   .1894279     1.67   0.098   
>  -.0593602                                            
>               .6934182
         L4. |  -.5907864   .2009637    -2.94   0.004   
>  -.9900969                                            
>              -.1914759
         L5. |   .0211867   .2378504     0.09   0.929   
>  -.4514169                                            
>               .4937904
         L6. |   .1183837    .168359     0.70   0.484   
>  -.2161422                                            
>               .4529095
             |
     lppi_sa |
         L1. |    .211376   .0991188     2.13   0.036   
>    .014429                                            
>                .408323
         L2. |   -.037748   .1453645    -0.26   0.796   
>  -.3265841                                            
>               .2510882
         L3. |  -.2791463   .1455542    -1.92   0.058   
>  -.5683594                                            
>               .0100668
         L4. |   .0658512   .1481963     0.44   0.658   
>  -.2286118                                            
>               .3603142
         L5. |   .0316306   .1522966     0.21   0.836   
>  -.2709794                                            
>               .3342406
         L6. |   .0044565   .0951188     0.05   0.963   
>  -.1845424                                            
>               .1934555
             |
         gs1 |
         L1. |   .6164674   .6863275     0.90   0.371   
>  -.7472507                                            
>               1.980186
         L2. |  -2.234056   1.134046    -1.97   0.052   
>  -4.487382                                            
>               .0192704
         L3. |   .5124909   1.381473     0.37   0.712   
>  -2.232466                                            
>               3.257448
         L4. |  -.1274893   1.451078    -0.09   0.930   
>   -3.01075                                            
>               2.755772
         L5. |   1.757009   1.409778     1.25   0.216   
>   -1.04419                                            
>               4.558207
         L6. |  -.7595421   .8920763    -0.85   0.397   
>  -2.532079                                            
>               1.012994
             |
      ebpnew |
         L1. |   .2925707   .5997281     0.49   0.627   
>  -.8990763                                            
>               1.484218
         L2. |  -.8021127   .6030991    -1.33   0.187   
>  -2.000458                                            
>               .3962324
         L3. |  -.2048584   .7832323    -0.26   0.794   
>  -1.761124                                            
>               1.351407
         L4. |  -.1362984   .5628046    -0.24   0.809   
>  -1.254579                                            
>               .9819824
         L5. |   .3679011   .5147674     0.71   0.477   
>  -.6549307                                            
>               1.390733
         L6. |   .4244301   .4919041     0.86   0.391   
>  -.5529729                                            
>               1.401833
             |
       _cons |  -77.57045   28.92838    -2.68   0.009   
>  -135.0505                                            
>              -20.09038
--------------------------------------------------------
> ----------------------
(329 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       4.43
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.3892
                                                Root MSE
>           =     1.7434

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~3 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -3.769879   3.113014    -1.21   0.229   
>  -9.955372                                            
>               2.415614
             |
         lip |
         L1. |   .1067401   .3145584     0.34   0.735   
>  -.5182808                                            
>                .731761
         L2. |   .8155113   .3410091     2.39   0.019   
>   .1379334                                            
>               1.493089
         L3. |  -.9244815    .326345    -2.83   0.006   
>  -1.572922                                            
>              -.2760409
         L4. |  -.1695557   .4106807    -0.41   0.681   
>  -.9855696                                            
>               .6464582
         L5. |   .6088468   .3126071     1.95   0.055   
>  -.0122967                                            
>                1.22999
         L6. |  -.2456493   .2192013    -1.12   0.265   
>  -.6811977                                            
>                .189899
             |
     lppi_sa |
         L1. |   .4294525   .1542623     2.78   0.007   
>   .1229366                                            
>               .7359685
         L2. |  -.4616395   .2054172    -2.25   0.027   
>  -.8697992                                            
>              -.0534799
         L3. |  -.1240394   .2308331    -0.54   0.592   
>  -.5826999                                            
>               .3346211
         L4. |   .3038424    .234913     1.29   0.199   
>  -.1629246                                            
>               .7706095
         L5. |   -.225882   .2156836    -1.05   0.298   
>  -.6544406                                            
>               .2026766
         L6. |   .0750112   .1334283     0.56   0.575   
>   -.190108                                            
>               .3401304
             |
         gs1 |
         L1. |   .3425913    1.05533     0.32   0.746   
>  -1.754326                                            
>               2.439509
         L2. |  -3.576472   1.961579    -1.82   0.072   
>  -7.474087                                            
>               .3211437
         L3. |   3.031566   2.041195     1.49   0.141   
>  -1.024245                                            
>               7.087377
         L4. |  -.5948398   1.828871    -0.33   0.746   
>  -4.228768                                            
>               3.039088
         L5. |   .9736091   1.534786     0.63   0.527   
>  -2.075978                                            
>               4.023197
         L6. |  -.4476301   .8824248    -0.51   0.613   
>  -2.200989                                            
>               1.305729
             |
      ebpnew |
         L1. |   .3081818   .6134068     0.50   0.617   
>  -.9106445                                            
>               1.527008
         L2. |  -1.185236   .9067332    -1.31   0.195   
>  -2.986896                                            
>               .6164237
         L3. |  -.7374102   .8714235    -0.85   0.400   
>   -2.46891                                            
>               .9940897
         L4. |   1.143389   .8133925     1.41   0.163   
>  -.4728045                                            
>               2.759583
         L5. |   .3981264   .6567687     0.61   0.546   
>  -.9068591                                            
>               1.703112
         L6. |  -.1362724   .5971293    -0.23   0.820   
>  -1.322756                                            
>               1.050211
             |
       _cons |  -86.20556   44.26842    -1.95   0.055   
>   -174.166                                            
>                1.75485
--------------------------------------------------------
> ----------------------
(330 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       6.00
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.4908
                                                Root MSE
>           =     1.5827

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~4 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |   -5.44533   2.260281    -2.41   0.018   
>   -9.93646                                            
>              -.9541996
             |
         lip |
         L1. |   .8179987   .2671879     3.06   0.003   
>    .287102                                            
>               1.348895
         L2. |  -.3548315   .3369535    -1.05   0.295   
>  -1.024351                                            
>               .3146878
         L3. |  -.5422218   .3087598    -1.76   0.083   
>  -1.155721                                            
>               .0712774
         L4. |    .445123   .3239545     1.37   0.173   
>  -.1985678                                            
>               1.088814
         L5. |   .1333448    .350387     0.38   0.704   
>  -.5628666                                            
>               .8295563
         L6. |  -.2303281   .2461591    -0.94   0.352   
>   -.719441                                            
>               .2587848
             |
     lppi_sa |
         L1. |   .2864913   .1387752     2.06   0.042   
>   .0107479                                            
>               .5622346
         L2. |  -.3682289   .2154181    -1.71   0.091   
>    -.79626                                            
>               .0598023
         L3. |   .1182444   .2206934     0.54   0.593   
>  -.3202687                                            
>               .5567575
         L4. |   .0320201   .2274758     0.14   0.888   
>  -.4199696                                            
>               .4840097
         L5. |  -.2900707   .2208171    -1.31   0.192   
>  -.7288297                                            
>               .1486882
         L6. |   .2158402   .1326816     1.63   0.107   
>  -.0477953                                            
>               .4794757
             |
         gs1 |
         L1. |  -1.565662   .9051765    -1.73   0.087   
>  -3.364228                                            
>               .2329047
         L2. |   -1.19051   1.588375    -0.75   0.456   
>  -4.346576                                            
>               1.965557
         L3. |   3.100429   1.718384     1.80   0.075   
>  -.3139647                                            
>               6.514822
         L4. |  -1.420229   1.801903    -0.79   0.433   
>  -5.000572                                            
>               2.160115
         L5. |   .8448215   1.493652     0.57   0.573   
>  -2.123033                                            
>               3.812676
         L6. |  -.1703159   .7740419    -0.22   0.826   
>  -1.708321                                            
>               1.367689
             |
      ebpnew |
         L1. |  -.0652789   .7813475    -0.08   0.934   
>    -1.6178                                            
>               1.487242
         L2. |  -1.948125   .8482254    -2.30   0.024   
>  -3.633531                                            
>              -.2627192
         L3. |      .6269   .7250432     0.86   0.390   
>  -.8137455                                            
>               2.067546
         L4. |   1.566823   .7492781     2.09   0.039   
>   .0780237                                            
>               3.055623
         L5. |  -.8522842   .6302929    -1.35   0.180   
>  -2.104663                                            
>               .4000943
         L6. |    .415924   .5497348     0.76   0.451   
>  -.6763873                                            
>               1.508235
             |
       _cons |  -121.1309   39.64965    -3.06   0.003   
>  -199.9139                                            
>              -42.34784
--------------------------------------------------------
> ----------------------
(331 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       6.46
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5255
                                                Root MSE
>           =     1.4708

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~5 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -.8341374    2.72973    -0.31   0.761   
>  -6.258053                                            
>               4.589778
             |
         lip |
         L1. |   .2453673   .2229626     1.10   0.274   
>  -.1976547                                            
>               .6883893
         L2. |   .0468644   .2865885     0.16   0.870   
>  -.5225809                                            
>               .6163097
         L3. |  -.0978942   .2809953    -0.35   0.728   
>  -.6562259                                            
>               .4604375
         L4. |   .0882034   .3340358     0.26   0.792   
>  -.5755186                                            
>               .7519254
         L5. |   .0696344   .2632069     0.26   0.792   
>  -.4533522                                            
>               .5926209
         L6. |  -.1614284   .2306141    -0.70   0.486   
>  -.6196538                                            
>               .2967969
             |
     lppi_sa |
         L1. |   .2980523   .1391401     2.14   0.035   
>   .0215839                                            
>               .5745207
         L2. |  -.1587548   .2037365    -0.78   0.438   
>  -.5635749                                            
>               .2460653
         L3. |  -.0710043   .1935356    -0.37   0.715   
>  -.4555554                                            
>               .3135468
         L4. |  -.0807825   .2036835    -0.40   0.693   
>  -.4854972                                            
>               .3239323
         L5. |  -.1451349   .1751622    -0.83   0.410   
>  -.4931785                                            
>               .2029087
         L6. |   .1606401   .1227776     1.31   0.194   
>  -.0833165                                            
>               .4045966
             |
         gs1 |
         L1. |   -1.68198    .829947    -2.03   0.046   
>  -3.331067                                            
>              -.0328932
         L2. |  -.4113098   1.558622    -0.26   0.792   
>  -3.508259                                            
>               2.685639
         L3. |    1.85062   2.001691     0.92   0.358   
>  -2.126696                                            
>               5.827937
         L4. |  -1.665187   2.039925    -0.82   0.417   
>  -5.718475                                            
>               2.388101
         L5. |   3.319151   1.752585     1.89   0.061   
>  -.1631979                                            
>               6.801499
         L6. |  -1.648047    1.07425    -1.53   0.129   
>  -3.782559                                            
>               .4864638
             |
      ebpnew |
         L1. |  -.8200966   .6240656    -1.31   0.192   
>  -2.060102                                            
>               .4199085
         L2. |   -.817859   .6213944    -1.32   0.191   
>  -2.052556                                            
>               .4168384
         L3. |   .7469414   .8374679     0.89   0.375   
>  -.9170895                                            
>               2.410972
         L4. |   .0719035   .7101342     0.10   0.920   
>  -1.339118                                            
>               1.482925
         L5. |   .3768948   .7361155     0.51   0.610   
>  -1.085751                                            
>               1.839541
         L6. |  -.1123342   .6497868    -0.17   0.863   
>  -1.403447                                            
>               1.178778
             |
       _cons |  -85.75636   33.50225    -2.56   0.012   
>  -152.3246                                            
>              -19.18811
--------------------------------------------------------
> ----------------------
(332 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       8.05
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.4998
                                                Root MSE
>           =     1.8708

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~6 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -4.432357   2.902703    -1.53   0.130   
>  -10.19997                                            
>               1.335251
             |
         lip |
         L1. |   .2103689   .3395762     0.62   0.537   
>  -.4643618                                            
>               .8850995
         L2. |   .5401285   .3445902     1.57   0.121   
>  -.1445649                                            
>               1.224822
         L3. |  -.4860697   .3436435    -1.41   0.161   
>  -1.168882                                            
>               .1967425
         L4. |   .1757643   .3580707     0.49   0.625   
>  -.5357144                                            
>               .8872431
         L5. |    .748178   .3916153     1.91   0.059   
>  -.0299532                                            
>               1.526309
         L6. |   -.900549   .2679185    -3.36   0.001   
>  -1.432897                                            
>              -.3682006
             |
     lppi_sa |
         L1. |   .3617899   .1609762     2.25   0.027   
>   .0419336                                            
>               .6816462
         L2. |  -.2866075   .2229472    -1.29   0.202   
>   -.729599                                            
>               .1563839
         L3. |  -.2577361   .2505588    -1.03   0.306   
>  -.7555911                                            
>               .2401188
         L4. |   .2699452   .2510853     1.08   0.285   
>  -.2289559                                            
>               .7688463
         L5. |  -.5900382   .2383538    -2.48   0.015   
>  -1.063642                                            
>              -.1164343
         L6. |   .5085864   .1698897     2.99   0.004   
>   .1710192                                            
>               .8461537
             |
         gs1 |
         L1. |  -1.655799    1.05554    -1.57   0.120   
>  -3.753134                                            
>               .4415356
         L2. |  -1.004433   2.116664    -0.47   0.636   
>    -5.2102                                            
>               3.201333
         L3. |   1.971049   2.475918     0.80   0.428   
>  -2.948546                                            
>               6.890645
         L4. |   1.599407   2.440155     0.66   0.514   
>   -3.24913                                            
>               6.447943
         L5. |  -1.505766   2.081387    -0.72   0.471   
>  -5.641437                                            
>               2.629906
         L6. |   .2098885   1.083501     0.19   0.847   
>  -1.943004                                            
>               2.362781
             |
      ebpnew |
         L1. |  -.6935932   .7262136    -0.96   0.342   
>  -2.136564                                            
>               .7493778
         L2. |  -.7801924   .8998146    -0.87   0.388   
>  -2.568105                                            
>                1.00772
         L3. |  -.4175666   .7851407    -0.53   0.596   
>  -1.977624                                            
>               1.142491
         L4. |   1.838033   .9057857     2.03   0.045   
>   .0382562                                            
>                3.63781
         L5. |  -.7291223   .8854266    -0.82   0.412   
>  -2.488446                                            
>               1.030201
         L6. |   .5869791   .6831992     0.86   0.393   
>  -.7705231                                            
>               1.944481
             |
       _cons |  -129.6186   45.25027    -2.86   0.005   
>  -219.5299                                            
>              -39.70727
--------------------------------------------------------
> ----------------------
(333 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       9.05
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.6076
                                                Root MSE
>           =     1.6328

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~7 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -6.816626   3.029209    -2.25   0.027   
>   -12.8356                                            
>               -.797652
             |
         lip |
         L1. |   .7380207   .3109863     2.37   0.020   
>   .1200975                                            
>               1.355944
         L2. |   .0249332   .3535482     0.07   0.944   
>  -.6775596                                            
>               .7274259
         L3. |  -.3372332   .3113054    -1.08   0.282   
>  -.9557903                                            
>               .2813239
         L4. |   .7762551   .3450272     2.25   0.027   
>   .0906934                                            
>               1.461817
         L5. |  -.5164319   .2596919    -1.99   0.050   
>  -1.032434                                            
>              -.0004297
         L6. |  -.3186343   .2274995    -1.40   0.165   
>  -.7706708                                            
>               .1334023
             |
     lppi_sa |
         L1. |   .3703613   .1504329     2.46   0.016   
>   .0714543                                            
>               .6692683
         L2. |  -.4778684   .2156027    -2.22   0.029   
>  -.9062664                                            
>              -.0494704
         L3. |   .0786996   .2276628     0.35   0.730   
>  -.3736615                                            
>               .5310607
         L4. |  -.2744312   .2095459    -1.31   0.194   
>  -.6907944                                            
>                .141932
         L5. |  -.1078088   .2307944    -0.47   0.642   
>  -.5663924                                            
>               .3507749
         L6. |   .4136805   .1319147     3.14   0.002   
>   .1515687                                            
>               .6757922
             |
         gs1 |
         L1. |  -2.023773   .8438642    -2.40   0.019   
>  -3.700513                                            
>              -.3470325
         L2. |  -1.238193    1.66944    -0.74   0.460   
>  -4.555334                                            
>               2.078948
         L3. |   5.382129   1.913637     2.81   0.006   
>   1.579774                                            
>               9.184485
         L4. |  -3.748045   1.869716    -2.00   0.048   
>  -7.463132                                            
>              -.0329591
         L5. |    1.69369   1.587325     1.07   0.289   
>  -1.460291                                            
>               4.847672
         L6. |  -.5231146   .8664654    -0.60   0.548   
>  -2.244763                                            
>               1.198534
             |
      ebpnew |
         L1. |  -.1866361   .8703751    -0.21   0.831   
>  -1.916053                                            
>               1.542781
         L2. |  -2.047412     .89063    -2.30   0.024   
>  -3.817075                                            
>              -.2777497
         L3. |   1.389435   .8395939     1.65   0.101   
>  -.2788199                                            
>               3.057691
         L4. |   .3336495   .8506403     0.39   0.696   
>  -1.356555                                            
>               2.023854
         L5. |  -.3604779   .6270276    -0.57   0.567   
>  -1.606368                                            
>               .8854126
         L6. |   .9447513   .4477985     2.11   0.038   
>   .0549853                                            
>               1.834517
             |
       _cons |  -165.2583   39.33394    -4.20   0.000   
>   -243.414                                            
>              -87.10257
--------------------------------------------------------
> ----------------------
(334 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =      10.33
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.6268
                                                Root MSE
>           =     1.6431

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~8 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -1.106279   2.839904    -0.39   0.698   
>  -6.749108                                            
>                4.53655
             |
         lip |
         L1. |   .6783535   .2311541     2.93   0.004   
>   .2190552                                            
>               1.137652
         L2. |   .2909161   .2855251     1.02   0.311   
>  -.2764162                                            
>               .8582484
         L3. |    .138196   .2966408     0.47   0.642   
>   -.451223                                            
>                .727615
         L4. |   -.481766   .3548236    -1.36   0.178   
>  -1.186793                                            
>                .223261
         L5. |  -.0067393    .269269    -0.03   0.980   
>   -.541771                                            
>               .5282924
         L6. |  -.2628473   .2259656    -1.16   0.248   
>  -.7118361                                            
>               .1861415
             |
     lppi_sa |
         L1. |   .2433943   .1382128     1.76   0.082   
>  -.0312316                                            
>               .5180203
         L2. |  -.1855899   .2163394    -0.86   0.393   
>  -.6154518                                            
>               .2442719
         L3. |  -.3714099   .2342814    -1.59   0.116   
>  -.8369221                                            
>               .0941023
         L4. |   .1475958   .2452655     0.60   0.549   
>  -.3397415                                            
>               .6349331
         L5. |  -.2519052   .2035183    -1.24   0.219   
>  -.6562918                                            
>               .1524814
         L6. |   .4300928   .1374005     3.13   0.002   
>   .1570811                                            
>               .7031046
             |
         gs1 |
         L1. |  -2.746765   .9103402    -3.02   0.003   
>  -4.555591                                            
>              -.9379382
         L2. |   1.975592   1.669841     1.18   0.240   
>  -1.342347                                            
>               5.293532
         L3. |  -.0651707   2.178039    -0.03   0.976   
>  -4.392888                                            
>               4.262546
         L4. |  -.2362993   2.383002    -0.10   0.921   
>  -4.971274                                            
>               4.498675
         L5. |   1.890315   1.868222     1.01   0.314   
>  -1.821802                                            
>               5.602433
         L6. |  -1.246872   .9717694    -1.28   0.203   
>  -3.177757                                            
>               .6840129
             |
      ebpnew |
         L1. |  -.9698818   .6883275    -1.41   0.162   
>  -2.337574                                            
>               .3978103
         L2. |  -.2989156   .8538258    -0.35   0.727   
>  -1.995449                                            
>               1.397618
         L3. |  -.5641087   .9276306    -0.61   0.545   
>  -2.407291                                            
>               1.279074
         L4. |   1.131463   .7289864     1.55   0.124   
>  -.3170174                                            
>               2.579944
         L5. |   .5651198   .5831846     0.97   0.335   
>  -.5936556                                            
>               1.723895
         L6. |   .0567817   .5724609     0.10   0.921   
>  -1.080686                                            
>               1.194249
             |
       _cons |  -160.4021   36.51802    -4.39   0.000   
>  -232.9626                                            
>              -87.84159
--------------------------------------------------------
> ----------------------
(335 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       6.91
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5816
                                                Root MSE
>           =     2.0738

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_res~9 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -6.746862   2.628607    -2.57   0.012   
>  -11.96985                                            
>              -1.523877
             |
         lip |
         L1. |   .8489459   .3987665     2.13   0.036   
>   .0566053                                            
>               1.641287
         L2. |   .8208204   .4334963     1.89   0.062   
>  -.0405275                                            
>               1.682168
         L3. |  -1.055802   .3520109    -3.00   0.004   
>   -1.75524                                            
>               -.356364
         L4. |   .2223994     .39512     0.56   0.575   
>  -.5626957                                            
>               1.007495
         L5. |   .5097528   .3502435     1.46   0.149   
>  -.1861736                                            
>               1.205679
         L6. |   -.906322   .2847734    -3.18   0.002   
>  -1.472161                                            
>              -.3404832
             |
     lppi_sa |
         L1. |   .2775508   .1980005     1.40   0.164   
>   -.115872                                            
>               .6709736
         L2. |  -.6195339   .2747827    -2.25   0.027   
>  -1.165521                                            
>              -.0735465
         L3. |   .0396149   .2955541     0.13   0.894   
>  -.5476448                                            
>               .6268746
         L4. |   .1745414   .2670909     0.65   0.515   
>  -.3561625                                            
>               .7052453
         L5. |  -.5071805   .2765681    -1.83   0.070   
>  -1.056715                                            
>               .0423545
         L6. |   .6530407   .1704802     3.83   0.000   
>   .3143001                                            
>               .9917812
             |
         gs1 |
         L1. |  -.3393967   1.387333    -0.24   0.807   
>  -3.095997                                            
>               2.417204
         L2. |  -3.215581   2.569705    -1.25   0.214   
>  -8.321529                                            
>               1.890368
         L3. |   3.597029   2.476057     1.45   0.150   
>  -1.322843                                            
>               8.516902
         L4. |   .3047994   2.197693     0.14   0.890   
>  -4.061969                                            
>               4.671568
         L5. |  -.8917602   2.170505    -0.41   0.682   
>  -5.204507                                            
>               3.420987
         L6. |  -.0301945   1.297645    -0.02   0.981   
>  -2.608587                                            
>               2.548198
             |
      ebpnew |
         L1. |  -.0518343   .9514082    -0.05   0.957   
>  -1.942262                                            
>               1.838594
         L2. |  -2.487216   1.119355    -2.22   0.029   
>   -4.71135                                            
>              -.2630812
         L3. |   .4018851   1.003822     0.40   0.690   
>  -1.592687                                            
>               2.396457
         L4. |   2.138744   .9140479     2.34   0.022   
>   .3225504                                            
>               3.954938
         L5. |  -.5630168   .7205897    -0.78   0.437   
>  -1.994813                                            
>               .8687795
         L6. |   .7463798   .6700689     1.11   0.268   
>  -.5850329                                            
>               2.077793
             |
       _cons |  -198.1765   53.10079    -3.73   0.000   
>  -303.6866                                            
>              -92.66632
--------------------------------------------------------
> ----------------------
(336 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =      15.64
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.7071
                                                Root MSE
>           =     1.6452

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~10 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -5.138318   3.361589    -1.53   0.130   
>  -11.81772                                            
>               1.541088
             |
         lip |
         L1. |   1.485953   .2622862     5.67   0.000   
>   .9647954                                            
>                2.00711
         L2. |   -.507162   .2690896    -1.88   0.063   
>  -1.041837                                            
>               .0275133
         L3. |   -.253425    .289906    -0.87   0.384   
>   -.829462                                            
>                .322612
         L4. |   .7491456   .3216339     2.33   0.022   
>   .1100659                                            
>               1.388225
         L5. |  -.5441932   .2545286    -2.14   0.035   
>  -1.049936                                            
>              -.0384503
         L6. |  -.4835967   .2299408    -2.10   0.038   
>  -.9404841                                            
>              -.0267094
             |
     lppi_sa |
         L1. |   .0901092    .144328     0.62   0.534   
>  -.1966674                                            
>               .3768858
         L2. |  -.3556202    .216059    -1.65   0.103   
>  -.7849248                                            
>               .0736845
         L3. |   .0686679   .2204651     0.31   0.756   
>  -.3693915                                            
>               .5067273
         L4. |  -.1824249   .2353282    -0.78   0.440   
>   -.650017                                            
>               .2851672
         L5. |  -.2834103   .2567939    -1.10   0.273   
>  -.7936544                                            
>               .2268337
         L6. |   .6854993   .1411806     4.86   0.000   
>   .4049765                                            
>                .966022
             |
         gs1 |
         L1. |  -2.274414   .9666188    -2.35   0.021   
>  -4.195065                                            
>              -.3537631
         L2. |  -.9040104   1.673712    -0.54   0.590   
>  -4.229641                                            
>                2.42162
         L3. |   4.874622    1.73786     2.80   0.006   
>   1.421531                                            
>               8.327713
         L4. |  -3.414821   1.856886    -1.84   0.069   
>  -7.104414                                            
>               .2747728
         L5. |   2.612212   1.878329     1.39   0.168   
>  -1.119988                                            
>               6.344412
         L6. |  -1.451038   .9457248    -1.53   0.128   
>  -3.330173                                            
>               .4280968
             |
      ebpnew |
         L1. |  -1.412605   .7384441    -1.91   0.059   
>  -2.879877                                            
>                .054668
         L2. |  -1.309924   .8033886    -1.63   0.107   
>   -2.90624                                            
>               .2863919
         L3. |   1.375743   .7814303     1.76   0.082   
>  -.1769421                                            
>               2.928429
         L4. |   .7507279   .7228886     1.04   0.302   
>  -.6856363                                            
>               2.187092
         L5. |  -.3014331   .5891023    -0.51   0.610   
>  -1.471967                                            
>               .8691007
         L6. |   .9146903   .5249798     1.74   0.085   
>  -.1284335                                            
>               1.957814
             |
       _cons |  -201.1894   41.31593    -4.87   0.000   
>  -283.2833                                            
>              -119.0956
--------------------------------------------------------
> ----------------------
(337 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       8.68
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.6184
                                                Root MSE
>           =     2.0119

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~11 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |   -5.91243   3.451746    -1.71   0.090   
>  -12.77098                                            
>               .9461169
             |
         lip |
         L1. |   .7877311   .4087134     1.93   0.057   
>  -.0243737                                            
>               1.599836
         L2. |   .3152699   .4187059     0.75   0.453   
>  -.5166897                                            
>                1.14723
         L3. |   .1649872   .3493121     0.47   0.638   
>  -.5290885                                            
>               .8590628
         L4. |  -.4260418   .3938649    -1.08   0.282   
>  -1.208643                                            
>               .3565594
         L5. |   .1651237   .3566412     0.46   0.644   
>  -.5435147                                            
>               .8737621
         L6. |  -.6500731   .2851013    -2.28   0.025   
>  -1.216563                                            
>               -.083583
             |
     lppi_sa |
         L1. |   .1420595   .2011637     0.71   0.482   
>  -.2576484                                            
>               .5417675
         L2. |  -.2411733   .2896004    -0.83   0.407   
>   -.816603                                            
>               .3342565
         L3. |  -.3519518   .2879093    -1.22   0.225   
>  -.9240213                                            
>               .2201178
         L4. |   .1087154   .3322327     0.33   0.744   
>  -.5514239                                            
>               .7688547
         L5. |  -.1227542   .2573858    -0.48   0.635   
>  -.6341742                                            
>               .3886659
         L6. |   .5034069   .1571297     3.20   0.002   
>   .1911936                                            
>               .8156202
             |
         gs1 |
         L1. |  -2.769921    1.15703    -2.39   0.019   
>  -5.068915                                            
>              -.4709271
         L2. |   1.476602   1.911707     0.77   0.442   
>  -2.321918                                            
>               5.275123
         L3. |   .9773534   2.054475     0.48   0.635   
>  -3.104844                                            
>               5.059551
         L4. |   .3897297   2.292473     0.17   0.865   
>  -4.165365                                            
>               4.944824
         L5. |   .9621377   2.222935     0.43   0.666   
>  -3.454787                                            
>               5.379062
         L6. |  -1.501022   1.265708    -1.19   0.239   
>  -4.015957                                            
>               1.013913
             |
      ebpnew |
         L1. |  -1.357895   .8662772    -1.57   0.121   
>  -3.079169                                            
>               .3633793
         L2. |  -.8667904   .9281692    -0.93   0.353   
>  -2.711043                                            
>                .977462
         L3. |   .0039904   .9155967     0.00   0.997   
>  -1.815281                                            
>               1.823262
         L4. |   1.128769    .847118     1.33   0.186   
>  -.5544366                                            
>               2.811974
         L5. |   1.143044   .8082516     1.41   0.161   
>  -.4629345                                            
>               2.749023
         L6. |  -.3403089   .6715616    -0.51   0.614   
>  -1.674688                                            
>               .9940697
             |
       _cons |  -160.6195   49.53139    -3.24   0.002   
>  -259.0373                                            
>               -62.2017
--------------------------------------------------------
> ----------------------
(338 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       8.61
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5898
                                                Root MSE
>           =     2.2479

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~12 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -1.882958   3.824099    -0.49   0.624   
>  -9.481361                                            
>               5.715444
             |
         lip |
         L1. |   .9065071   .4003843     2.26   0.026   
>    .110952                                            
>               1.702062
         L2. |   .6874874    .423671     1.62   0.108   
>  -.1543379                                            
>               1.529313
         L3. |  -1.081069   .3530605    -3.06   0.003   
>  -1.782593                                            
>              -.3795456
         L4. |   .5329187   .4816227     1.11   0.271   
>  -.4240554                                            
>               1.489893
         L5. |   .3306113   .4437733     0.75   0.458   
>  -.5511567                                            
>               1.212379
         L6. |  -1.058559   .3300297    -3.21   0.002   
>  -1.714321                                            
>              -.4027969
             |
     lppi_sa |
         L1. |   .2261038   .2039602     1.11   0.271   
>  -.1791608                                            
>               .6313684
         L2. |  -.6353144   .2783739    -2.28   0.025   
>  -1.188438                                            
>              -.0821913
         L3. |  -.0538188   .3367567    -0.16   0.873   
>  -.7229472                                            
>               .6153095
         L4. |   .3367746   .3156523     1.07   0.289   
>  -.2904198                                            
>               .9639691
         L5. |  -.4112559   .2750917    -1.49   0.138   
>  -.9578572                                            
>               .1353453
         L6. |    .585074   .1772096     3.30   0.001   
>   .2329623                                            
>               .9371857
             |
         gs1 |
         L1. |   -1.38035   1.235883    -1.12   0.267   
>  -3.836024                                            
>               1.075323
         L2. |  -1.548394    2.41348    -0.64   0.523   
>  -6.343928                                            
>                3.24714
         L3. |   4.416577   2.698872     1.64   0.105   
>  -.9460251                                            
>               9.779179
         L4. |  -.8345868   2.672233    -0.31   0.756   
>  -6.144257                                            
>               4.475084
         L5. |    -.20085    2.47838    -0.08   0.936   
>  -5.125339                                            
>               4.723639
         L6. |  -.7291416   1.260719    -0.58   0.564   
>  -3.234164                                            
>               1.775881
             |
      ebpnew |
         L1. |  -.9065748   .9741129    -0.93   0.355   
>  -2.842116                                            
>               1.028967
         L2. |  -1.712498   1.082814    -1.58   0.117   
>  -3.864026                                            
>               .4390295
         L3. |   .4053794    1.03735     0.39   0.697   
>  -1.655813                                            
>               2.466572
         L4. |   2.494076   1.092709     2.28   0.025   
>   .3228855                                            
>               4.665266
         L5. |  -1.062316   .8145044    -1.30   0.196   
>  -2.680719                                            
>               .5560868
         L6. |   .8183829   .7064445     1.16   0.250   
>  -.5853074                                            
>               2.222073
             |
       _cons |  -143.2615   54.20244    -2.64   0.010   
>  -250.9606                                            
>               -35.5624
--------------------------------------------------------
> ----------------------
(339 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =      12.03
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.6711
                                                Root MSE
>           =     1.9561

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~13 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -7.212106   2.994235    -2.41   0.018   
>  -13.16159                                            
>              -1.262624
             |
         lip |
         L1. |   1.465877   .2830349     5.18   0.000   
>   .9034924                                            
>               2.028261
         L2. |  -.4413961   .3447622    -1.28   0.204   
>  -1.126431                                            
>                .243639
         L3. |   -.010945   .3582723    -0.03   0.976   
>  -.7228244                                            
>               .7009344
         L4. |   .4215592   .4112151     1.03   0.308   
>  -.3955166                                            
>               1.238635
         L5. |  -.3985166   .3515379    -1.13   0.260   
>  -1.097015                                            
>               .2999818
         L6. |  -.6793787    .278183    -2.44   0.017   
>  -1.232122                                            
>              -.1266351
             |
     lppi_sa |
         L1. |   .0123997   .2057523     0.06   0.952   
>  -.3964256                                            
>               .4212251
         L2. |  -.3993291   .2957033    -1.35   0.180   
>  -.9868853                                            
>               .1882272
         L3. |   .1348562   .2591768     0.52   0.604   
>  -.3801226                                            
>                .649835
         L4. |  -.0391076   .2831277    -0.14   0.890   
>  -.6016762                                            
>               .5234611
         L5. |  -.2645889   .2743513    -0.96   0.337   
>  -.8097191                                            
>               .2805414
         L6. |   .6076755   .1536481     3.95   0.000   
>   .3023799                                            
>               .9129711
             |
         gs1 |
         L1. |  -2.387343   1.198599    -1.99   0.049   
>  -4.768933                                            
>              -.0057519
         L2. |   .8833695    2.12474     0.42   0.679   
>  -3.338445                                            
>               5.105184
         L3. |   3.785167   2.176341     1.74   0.085   
>  -.5391771                                            
>                8.10951
         L4. |   -2.98678   2.317231    -1.29   0.201   
>  -7.591069                                            
>               1.617509
         L5. |   2.106547   2.006118     1.05   0.297   
>  -1.879566                                            
>                6.09266
         L6. |  -1.768519   1.127258    -1.57   0.120   
>  -4.008356                                            
>               .4713179
             |
      ebpnew |
         L1. |  -1.555973   .8255984    -1.88   0.063   
>  -3.196419                                            
>               .0844738
         L2. |  -1.351678   .9017561    -1.50   0.137   
>  -3.143448                                            
>               .4400924
         L3. |   1.911265   .8683534     2.20   0.030   
>   .1858652                                            
>               3.636665
         L4. |   .2625452   .9303575     0.28   0.778   
>  -1.586055                                            
>               2.111146
         L5. |   .4553618   .7202034     0.63   0.529   
>  -.9756671                                            
>               1.886391
         L6. |   .4145451    .643477     0.64   0.521   
>  -.8640301                                            
>                1.69312
             |
       _cons |  -160.8837   49.07498    -3.28   0.001   
>  -258.3947                                            
>              -63.37278
--------------------------------------------------------
> ----------------------
(340 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       7.88
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5884
                                                Root MSE
>           =     2.2607

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~14 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -4.110061   3.590963    -1.14   0.255   
>  -11.24523                                            
>               3.025107
             |
         lip |
         L1. |   .7160089   .4268576     1.68   0.097   
>   -.132148                                            
>               1.564166
         L2. |   .4829793   .4573626     1.06   0.294   
>  -.4257906                                            
>               1.391749
         L3. |  -.1752045   .4089365    -0.43   0.669   
>  -.9877525                                            
>               .6373435
         L4. |  -.0925812   .4180053    -0.22   0.825   
>  -.9231488                                            
>               .7379863
         L5. |    .146965    .400677     0.37   0.715   
>  -.6491717                                            
>               .9431018
         L6. |  -.8839071   .3050837    -2.90   0.005   
>  -1.490102                                            
>              -.2777124
             |
     lppi_sa |
         L1. |   .0613421   .2265238     0.27   0.787   
>  -.3887558                                            
>               .5114399
         L2. |  -.1969931   .3226028    -0.61   0.543   
>   -.837998                                            
>               .4440119
         L3. |  -.2171995   .2889159    -0.75   0.454   
>  -.7912694                                            
>               .3568703
         L4. |   .1863434   .3495589     0.53   0.595   
>  -.5082227                                            
>               .8809095
         L5. |  -.3290539   .2814775    -1.17   0.246   
>  -.8883436                                            
>               .2302358
         L6. |   .5659221   .1756464     3.22   0.002   
>   .2169164                                            
>               .9149278
             |
         gs1 |
         L1. |  -1.548362   1.295969    -1.19   0.235   
>  -4.123425                                            
>               1.026702
         L2. |   .7729804   2.141502     0.36   0.719   
>  -3.482138                                            
>               5.028099
         L3. |   1.978527   2.418555     0.82   0.416   
>  -2.827091                                            
>               6.784144
         L4. |  -.3072657   2.344304    -0.13   0.896   
>  -4.965348                                            
>               4.350816
         L5. |   .3386407   2.333394     0.15   0.885   
>  -4.297763                                            
>               4.975044
         L6. |  -1.276445   1.314962    -0.97   0.334   
>  -3.889247                                            
>               1.336357
             |
      ebpnew |
         L1. |  -1.579214   .9316306    -1.70   0.094   
>  -3.430345                                            
>               .2719156
         L2. |  -.1145791   .9716048    -0.12   0.906   
>  -2.045137                                            
>               1.815979
         L3. |  -.5074633   .9283474    -0.55   0.586   
>   -2.35207                                            
>               1.337143
         L4. |   1.925165   .9734642     1.98   0.051   
>  -.0090875                                            
>               3.859418
         L5. |   .2451487   .8672079     0.28   0.778   
>  -1.477975                                            
>               1.968272
         L6. |  -.0635096   .8104624    -0.08   0.938   
>  -1.673881                                            
>               1.546862
             |
       _cons |  -87.53052   52.30087    -1.67   0.098   
>  -191.4512                                            
>               16.39019
--------------------------------------------------------
> ----------------------
(341 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       7.45
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5717
                                                Root MSE
>           =       2.46

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~15 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -1.007776   5.115453    -0.20   0.844   
>  -11.17207                                            
>               9.156519
             |
         lip |
         L1. |   1.051453   .4786807     2.20   0.031   
>   .1003244                                            
>               2.002581
         L2. |   .2870947   .5123084     0.56   0.577   
>  -.7308512                                            
>               1.305041
         L3. |  -.7397845   .4139633    -1.79   0.077   
>  -1.562321                                            
>               .0827517
         L4. |   .4321361   .4850828     0.89   0.375   
>  -.5317132                                            
>               1.395985
         L5. |   .0776464   .4406382     0.18   0.861   
>  -.7978922                                            
>               .9531851
         L6. |  -.9476659   .3195945    -2.97   0.004   
>  -1.582693                                            
>              -.3126384
             |
     lppi_sa |
         L1. |   .1846507   .2203822     0.84   0.404   
>  -.2532441                                            
>               .6225454
         L2. |  -.4810443   .2898009    -1.66   0.100   
>  -1.056872                                            
>               .0947839
         L3. |  -.0378486    .346214    -0.11   0.913   
>  -.7257685                                            
>               .6500712
         L4. |   .1664526   .3310484     0.50   0.616   
>  -.4913335                                            
>               .8242387
         L5. |   -.313286   .3308246    -0.95   0.346   
>  -.9706275                                            
>               .3440556
         L6. |     .55844   .2006768     2.78   0.007   
>   .1596995                                            
>               .9571805
             |
         gs1 |
         L1. |  -.5841865   1.546896    -0.38   0.707   
>  -3.657836                                            
>               2.489463
         L2. |  -.5248412   2.844815    -0.18   0.854   
>  -6.177428                                            
>               5.127745
         L3. |    3.25319   2.721942     1.20   0.235   
>  -2.155251                                            
>               8.661631
         L4. |  -1.161695   2.604987    -0.45   0.657   
>  -6.337749                                            
>               4.014358
         L5. |  -.2711381   2.878018    -0.09   0.925   
>  -5.989698                                            
>               5.447422
         L6. |  -.6251802    1.57596    -0.40   0.693   
>  -3.756579                                            
>               2.506219
             |
      ebpnew |
         L1. |  -.5244992   .9215456    -0.57   0.571   
>  -2.355591                                            
>               1.306592
         L2. |  -2.062078   1.166942    -1.77   0.081   
>  -4.380767                                            
>               .2566107
         L3. |   1.261693   1.023174     1.23   0.221   
>  -.7713323                                            
>               3.294719
         L4. |   1.349716   1.107527     1.22   0.226   
>  -.8509171                                            
>               3.550349
         L5. |  -.4086616   .8559259    -0.48   0.634   
>  -2.109368                                            
>               1.292045
         L6. |   .4855181   .8156788     0.60   0.553   
>  -1.135218                                            
>               2.106254
             |
       _cons |  -72.59166    64.9039    -1.12   0.266   
>  -201.5543                                            
>                 56.371
--------------------------------------------------------
> ----------------------
(342 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =      10.60
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.6397
                                                Root MSE
>           =     2.1805

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~16 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -3.251793   3.272968    -0.99   0.323   
>  -9.755111                                            
>               3.251525
             |
         lip |
         L1. |   1.139125   .3088513     3.69   0.000   
>   .5254435                                            
>               1.752806
         L2. |   -.081923   .3912136    -0.21   0.835   
>  -.8592562                                            
>               .6954101
         L3. |  -.1436732   .3987255    -0.36   0.719   
>  -.9359323                                            
>               .6485859
         L4. |   .1560728   .3879954     0.40   0.688   
>  -.6148658                                            
>               .9270114
         L5. |  -.3816788   .3342258    -1.14   0.257   
>  -1.045778                                            
>               .2824207
         L6. |  -.5375664   .2615147    -2.06   0.043   
>  -1.057191                                            
>              -.0179422
             |
     lppi_sa |
         L1. |   .1991693    .210032     0.95   0.346   
>  -.2181597                                            
>               .6164983
         L2. |  -.4460902   .3128479    -1.43   0.157   
>  -1.067712                                            
>               .1755319
         L3. |  -.0230584   .2708234    -0.09   0.932   
>  -.5611787                                            
>                .515062
         L4. |   .0242377   .3007237     0.08   0.936   
>  -.5732939                                            
>               .6217693
         L5. |  -.2005424   .2701781    -0.74   0.460   
>  -.7373806                                            
>               .3362958
         L6. |   .5288245   .1545649     3.42   0.001   
>   .2217074                                            
>               .8359417
             |
         gs1 |
         L1. |  -.3251486    1.23523    -0.26   0.793   
>  -2.779524                                            
>               2.129227
         L2. |  -.1676706   2.233332    -0.08   0.940   
>  -4.605253                                            
>               4.269912
         L3. |    2.77724    2.11652     1.31   0.193   
>   -1.42824                                            
>               6.982719
         L4. |  -3.011732   2.206065    -1.37   0.176   
>  -7.395136                                            
>               1.371671
         L5. |   3.265089    2.00637     1.63   0.107   
>  -.7215245                                            
>               7.251703
         L6. |   -2.45518    1.14768    -2.14   0.035   
>  -4.735595                                            
>              -.1747651
             |
      ebpnew |
         L1. |  -1.688597   .7813347    -2.16   0.033   
>  -3.241093                                            
>              -.1361019
         L2. |  -.1427563    .925826    -0.15   0.878   
>  -1.982353                                            
>                1.69684
         L3. |   .6206542   1.081811     0.57   0.568   
>  -1.528882                                            
>                2.77019
         L4. |   .6184226   .8945085     0.69   0.491   
>  -1.158947                                            
>               2.395792
         L5. |   .4039185   .8171729     0.49   0.622   
>  -1.219787                                            
>               2.027624
         L6. |   .1711383    .710878     0.24   0.810   
>  -1.241361                                            
>               1.583638
             |
       _cons |   -67.6857   60.37783    -1.12   0.265   
>  -187.6552                                            
>               52.28377
--------------------------------------------------------
> ----------------------
(343 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       7.91
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5750
                                                Root MSE
>           =     2.4799

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~17 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |   -3.94841   5.617062    -0.70   0.484   
>  -15.10939                                            
>               7.212573
             |
         lip |
         L1. |   .8685302   .3378296     2.57   0.012   
>     .19727                                            
>                1.53979
         L2. |   .3662022   .4857365     0.75   0.453   
>  -.5989459                                            
>                1.33135
         L3. |  -.4287487   .4546721    -0.94   0.348   
>  -1.332173                                            
>               .4746751
         L4. |  -.3428927   .4227769    -0.81   0.420   
>  -1.182941                                            
>                .497156
         L5. |   .2590842   .3975329     0.65   0.516   
>  -.5308052                                            
>               1.048974
         L6. |  -.6789485   .3078224    -2.21   0.030   
>  -1.290585                                            
>              -.0673119
             |
     lppi_sa |
         L1. |   .2653947   .2310253     1.15   0.254   
>  -.1936477                                            
>               .7244371
         L2. |  -.3668967    .330862    -1.11   0.270   
>  -1.024312                                            
>               .2905191
         L3. |  -.2877025   .3085372    -0.93   0.354   
>  -.9007593                                            
>               .3253543
         L4. |   .2956327   .3705584     0.80   0.427   
>  -.4406589                                            
>               1.031924
         L5. |   -.355614   .3015702    -1.18   0.241   
>  -.9548275                                            
>               .2435994
         L6. |    .541061    .192758     2.81   0.006   
>    .158055                                            
>                .924067
             |
         gs1 |
         L1. |  -.0289433   1.471962    -0.02   0.984   
>  -2.953701                                            
>               2.895814
         L2. |   -.553719   2.504088    -0.22   0.826   
>  -5.529289                                            
>               4.421851
         L3. |   1.850748   2.604676     0.71   0.479   
>  -3.324688                                            
>               7.026184
         L4. |    .212768   2.306566     0.09   0.927   
>  -4.370329                                            
>               4.795865
         L5. |   .2955227   2.415665     0.12   0.903   
>  -4.504353                                            
>               5.095398
         L6. |  -1.513437   1.340574    -1.13   0.262   
>  -4.177129                                            
>               1.150255
             |
      ebpnew |
         L1. |  -1.139261    .879175    -1.30   0.198   
>  -2.886163                                            
>               .6076409
         L2. |  -.7168356   1.188995    -0.60   0.548   
>  -3.079344                                            
>               1.645673
         L3. |    .051259   1.065997     0.05   0.962   
>  -2.066855                                            
>               2.169373
         L4. |   1.573295   1.008995     1.56   0.122   
>  -.4315565                                            
>               3.578146
         L5. |   .4444599   .9234653     0.48   0.631   
>  -1.390446                                            
>               2.279366
         L6. |  -.5104875   .8277628    -0.62   0.539   
>  -2.155234                                            
>               1.134259
             |
       _cons |  -19.20481   60.43136    -0.32   0.751   
>  -139.2806                                            
>                100.871
--------------------------------------------------------
> ----------------------
(344 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       8.06
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5483
                                                Root MSE
>           =     2.6459

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~18 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -3.901446   3.801523    -1.03   0.308   
>  -11.45499                                            
>               3.652098
             |
         lip |
         L1. |   1.069379   .5058353     2.11   0.037   
>   .0642955                                            
>               2.074463
         L2. |   .0734605   .5408995     0.14   0.892   
>  -1.001295                                            
>               1.148216
         L3. |  -.8648216   .4083694    -2.12   0.037   
>  -1.676243                                            
>              -.0534002
         L4. |    .311523   .4862915     0.64   0.523   
>  -.6547279                                            
>               1.277774
         L5. |   .0652722   .4608047     0.14   0.888   
>   -.850337                                            
>               .9808814
         L6. |  -.6454271   .3830588    -1.68   0.096   
>  -1.406557                                            
>               .1157026
             |
     lppi_sa |
         L1. |   .4060316   .2435421     1.67   0.099   
>  -.0778814                                            
>               .8899445
         L2. |  -.6676955   .3483451    -1.92   0.058   
>   -1.35985                                            
>               .0244588
         L3. |  -.0004619   .3706747    -0.00   0.999   
>  -.7369845                                            
>               .7360608
         L4. |   .0908189   .3785884     0.24   0.811   
>  -.6614281                                            
>               .8430659
         L5. |   -.212544   .3383615    -0.63   0.532   
>  -.8848611                                            
>               .4597732
         L6. |   .4760632   .2023831     2.35   0.021   
>   .0739323                                            
>                .878194
             |
         gs1 |
         L1. |   .4824172   1.591196     0.30   0.762   
>  -2.679255                                            
>                3.64409
         L2. |  -1.889504   3.045297    -0.62   0.537   
>  -7.940443                                            
>               4.161435
         L3. |   4.498685   2.861481     1.57   0.119   
>  -1.187016                                            
>               10.18439
         L4. |  -2.694224   2.716498    -0.99   0.324   
>  -8.091848                                            
>               2.703399
         L5. |   1.979212   2.677664     0.74   0.462   
>   -3.34125                                            
>               7.299674
         L6. |  -2.007955   1.456331    -1.38   0.171   
>  -4.901654                                            
>               .8857443
             |
      ebpnew |
         L1. |  -1.077779   1.151859    -0.94   0.352   
>  -3.366499                                            
>                1.21094
         L2. |  -1.095723   1.353585    -0.81   0.420   
>  -3.785268                                            
>               1.593823
         L3. |   .9419973   1.183996     0.80   0.428   
>  -1.410578                                            
>               3.294573
         L4. |   1.311987   1.101664     1.19   0.237   
>   -.876996                                            
>               3.500971
         L5. |  -.6650251   .9455753    -0.70   0.484   
>  -2.543863                                            
>               1.213813
         L6. |   .2912383   .8437237     0.35   0.731   
>  -1.385223                                            
>               1.967699
             |
       _cons |  -3.799927   63.37635    -0.06   0.952   
>  -129.7274                                            
>               122.1275
--------------------------------------------------------
> ----------------------
(345 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =      10.62
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5891
                                                Root MSE
>           =     2.3871

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~19 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -.0372987   3.922062    -0.01   0.992   
>  -7.830353                                            
>               7.755755
             |
         lip |
         L1. |   1.022264    .291557     3.51   0.001   
>   .4429465                                            
>               1.601582
         L2. |  -.2879853   .3849896    -0.75   0.456   
>  -1.052952                                            
>               .4769809
         L3. |   -.304713   .3940782    -0.77   0.441   
>  -1.087738                                            
>               .4783119
         L4. |    .035164   .4039784     0.09   0.931   
>  -.7675325                                            
>               .8378604
         L5. |  -.0105051   .4030703    -0.03   0.979   
>  -.8113971                                            
>                .790387
         L6. |  -.4943089   .3079099    -1.61   0.112   
>  -1.106119                                            
>               .1175015
             |
     lppi_sa |
         L1. |    .349308   .2499934     1.40   0.166   
>  -.1474236                                            
>               .8460397
         L2. |  -.4454096   .3598429    -1.24   0.219   
>   -1.16041                                            
>               .2695907
         L3. |  -.1966359   .2940482    -0.67   0.505   
>  -.7809035                                            
>               .3876316
         L4. |   .1354867   .3454732     0.39   0.696   
>  -.5509613                                            
>               .8219347
         L5. |  -.1998498   .3117264    -0.64   0.523   
>  -.8192434                                            
>               .4195439
         L6. |   .4506638   .1828126     2.47   0.016   
>   .0874192                                            
>               .8139085
             |
         gs1 |
         L1. |  -.2668463   1.279909    -0.21   0.835   
>  -2.809998                                            
>               2.276305
         L2. |   .4467118   2.360571     0.19   0.850   
>  -4.243692                                            
>               5.137115
         L3. |   1.827354   2.442705     0.75   0.456   
>  -3.026249                                            
>               6.680958
         L4. |  -1.759257   2.209774    -0.80   0.428   
>  -6.150031                                            
>               2.631517
         L5. |   3.263219   2.112745     1.54   0.126   
>   -.934761                                            
>               7.461199
         L6. |   -3.02835   1.201013    -2.52   0.013   
>  -5.414737                                            
>              -.6419625
             |
      ebpnew |
         L1. |  -1.544149    .938517    -1.65   0.103   
>  -3.408963                                            
>                .320664
         L2. |  -.1108374   1.124498    -0.10   0.922   
>  -2.345191                                            
>               2.123517
         L3. |   .7401117   1.060141     0.70   0.487   
>  -1.366366                                            
>               2.846589
         L4. |   .1128503   .9716641     0.12   0.908   
>  -1.817826                                            
>               2.043526
         L5. |   .2206151   .8533875     0.26   0.797   
>  -1.475048                                            
>               1.916278
         L6. |   .1872332   .7482442     0.25   0.803   
>  -1.299512                                            
>               1.673978
             |
       _cons |   18.72267   54.11288     0.35   0.730   
>  -88.79846                                            
>               126.2438
--------------------------------------------------------
> ----------------------
(346 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       6.26
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5096
                                                Root MSE
>           =     2.7617

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~20 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |   1.068901   5.171201     0.21   0.837   
>  -9.206166                                            
>               11.34397
             |
         lip |
         L1. |   .5839048   .3911253     1.49   0.139   
>  -.1932528                                            
>               1.361062
         L2. |   .3226648   .4799006     0.67   0.503   
>  -.6308875                                            
>               1.276217
         L3. |  -.6456664   .4615368    -1.40   0.165   
>   -1.56273                                            
>               .2713975
         L4. |   .0344464   .5012373     0.07   0.945   
>  -.9615015                                            
>               1.030394
         L5. |   .3833551   .4385231     0.87   0.384   
>  -.4879811                                            
>               1.254691
         L6. |  -.7621011   .3709256    -2.05   0.043   
>  -1.499122                                            
>              -.0250798
             |
     lppi_sa |
         L1. |   .4053639   .2820561     1.44   0.154   
>  -.1550756                                            
>               .9658035
         L2. |  -.5903201   .4028776    -1.47   0.146   
>  -1.390829                                            
>               .2101892
         L3. |  -.1586697   .3437334    -0.46   0.645   
>  -.8416608                                            
>               .5243213
         L4. |   .3012528   .3787921     0.80   0.429   
>  -.4513991                                            
>               1.053905
         L5. |  -.3510188   .3267475    -1.07   0.286   
>  -1.000259                                            
>               .2982215
         L6. |   .4886725   .2015666     2.42   0.017   
>    .088164                                            
>                .889181
             |
         gs1 |
         L1. |     1.0456   1.681343     0.62   0.536   
>  -2.295194                                            
>               4.386393
         L2. |  -1.296025   2.889994    -0.45   0.655   
>  -7.038382                                            
>               4.446332
         L3. |      1.666   2.803713     0.59   0.554   
>  -3.904917                                            
>               7.236918
         L4. |   .6648333   2.557214     0.26   0.795   
>  -4.416296                                            
>               5.745963
         L5. |   .3569391   2.597845     0.14   0.891   
>  -4.804924                                            
>               5.518802
         L6. |  -1.848505   1.542745    -1.20   0.234   
>  -4.913906                                            
>               1.216897
             |
      ebpnew |
         L1. |  -1.192908   1.091405    -1.09   0.277   
>  -3.361507                                            
>                .975691
         L2. |  -.0565705   1.319828    -0.04   0.966   
>  -2.679041                                            
>                 2.5659
         L3. |  -.6640727   1.244916    -0.53   0.595   
>  -3.137695                                            
>               1.809549
         L4. |   1.021353   1.042674     0.98   0.330   
>  -1.050419                                            
>               3.093125
         L5. |   .5112123   1.124204     0.45   0.650   
>  -1.722558                                            
>               2.744983
         L6. |  -.0435493   .9312012    -0.05   0.963   
>  -1.893826                                            
>               1.806728
             |
       _cons |   38.43622   63.94747     0.60   0.549   
>  -88.62603                                            
>               165.4985
--------------------------------------------------------
> ----------------------
(347 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       6.70
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5261
                                                Root MSE
>           =     2.7346

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~21 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |   1.372193   4.550145     0.30   0.764   
>  -7.668848                                            
>               10.41323
             |
         lip |
         L1. |   .8453536   .3938044     2.15   0.035   
>   .0628726                                            
>               1.627835
         L2. |  -.0472866   .5039292    -0.09   0.925   
>  -1.048583                                            
>               .9540099
         L3. |  -.6313466   .4624425    -1.37   0.176   
>   -1.55021                                            
>               .2875168
         L4. |   .4530609   .4880434     0.93   0.356   
>   -.516671                                            
>               1.422793
         L5. |   .0035304   .4641137     0.01   0.994   
>  -.9186537                                            
>               .9257145
         L6. |   -.653176   .3481114    -1.88   0.064   
>  -1.344866                                            
>               .0385138
             |
     lppi_sa |
         L1. |   .3956838   .2923012     1.35   0.179   
>  -.1851124                                            
>                 .97648
         L2. |  -.6266295   .4025687    -1.56   0.123   
>  -1.426525                                            
>               .1732659
         L3. |  -.0290468   .3663584    -0.08   0.937   
>   -.756993                                            
>               .6988995
         L4. |   .0693132   .3498964     0.20   0.843   
>  -.6259235                                            
>               .7645499
         L5. |  -.3188432   .3358047    -0.95   0.345   
>  -.9860799                                            
>               .3483935
         L6. |   .5947121   .2030704     2.93   0.004   
>   .1912156                                            
>               .9982087
             |
         gs1 |
         L1. |   .8445484   1.600588     0.53   0.599   
>  -2.335787                                            
>               4.024884
         L2. |  -1.767196   2.987384    -0.59   0.556   
>  -7.703064                                            
>               4.168672
         L3. |   4.412807   2.889866     1.53   0.130   
>  -1.329296                                            
>               10.15491
         L4. |  -3.162276    2.77346    -1.14   0.257   
>  -8.673082                                            
>               2.348531
         L5. |   3.381883   2.677258     1.26   0.210   
>  -1.937773                                            
>               8.701538
         L6. |  -3.123971   1.529931    -2.04   0.044   
>   -6.16391                                            
>              -.0840311
             |
      ebpnew |
         L1. |  -.8515958   1.165693    -0.73   0.467   
>  -3.167804                                            
>               1.464612
         L2. |  -1.145829   1.452716    -0.79   0.432   
>  -4.032345                                            
>               1.740687
         L3. |   .5092367   1.197094     0.43   0.672   
>  -1.869364                                            
>               2.887838
         L4. |   .8477917   1.221326     0.69   0.489   
>  -1.578958                                            
>               3.274541
         L5. |   -.430093   1.067212    -0.40   0.688   
>   -2.55062                                            
>               1.690434
         L6. |   .9934551   .8916111     1.11   0.268   
>  -.7781571                                            
>               2.765067
             |
       _cons |   14.51567   64.39175     0.23   0.822   
>  -113.4294                                            
>               142.4607
--------------------------------------------------------
> ----------------------
(348 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =      10.38
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5817
                                                Root MSE
>           =     2.4654

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~22 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |   3.190349   3.843958     0.83   0.409   
>  -4.447512                                            
>               10.82821
             |
         lip |
         L1. |   .7260181    .315486     2.30   0.024   
>    .099154                                            
>               1.352882
         L2. |   .0363804   .4107257     0.09   0.930   
>  -.7797228                                            
>               .8524837
         L3. |  -.2515016   .4470159    -0.56   0.575   
>  -1.139713                                            
>               .6367094
         L4. |  -.0792826   .4197997    -0.19   0.851   
>  -.9134156                                            
>               .7548505
         L5. |  -.1004893   .4194258    -0.24   0.811   
>  -.9338794                                            
>               .7329008
         L6. |  -.3420007   .3219791    -1.06   0.291   
>  -.9817662                                            
>               .2977649
             |
     lppi_sa |
         L1. |   .4436097   .2778178     1.60   0.114   
>  -.1084084                                            
>               .9956278
         L2. |  -.5339659   .4183414    -1.28   0.205   
>  -1.365201                                            
>               .2972695
         L3. |  -.2346696   .3156774    -0.74   0.459   
>  -.8619138                                            
>               .3925747
         L4. |  -.0755718   .3047079    -0.25   0.805   
>  -.6810198                                            
>               .5298763
         L5. |   .0839727   .2585544     0.32   0.746   
>  -.4297694                                            
>               .5977148
         L6. |   .3941603   .1395681     2.82   0.006   
>   .1168414                                            
>               .6714792
             |
         gs1 |
         L1. |    .133239   1.551409     0.09   0.932   
>  -2.949378                                            
>               3.215856
         L2. |   .9880548   2.738302     0.36   0.719   
>  -4.452892                                            
>               6.429002
         L3. |   .5511974    2.53965     0.22   0.829   
>  -4.495032                                            
>               5.597427
         L4. |  -.9293601   2.086683    -0.45   0.657   
>  -5.075555                                            
>               3.216835
         L5. |   4.598347   2.312468     1.99   0.050   
>   .0035233                                            
>               9.193171
         L6. |  -4.735318   1.479124    -3.20   0.002   
>  -7.674306                                            
>              -1.796331
             |
      ebpnew |
         L1. |   -1.45638   1.058131    -1.38   0.172   
>  -3.558864                                            
>               .6461035
         L2. |  -.0767744   1.127925    -0.07   0.946   
>  -2.317937                                            
>               2.164389
         L3. |   .3791016   1.083104     0.35   0.727   
>  -1.773002                                            
>               2.531206
         L4. |  -.3382883   .9086763    -0.37   0.711   
>  -2.143809                                            
>               1.467232
         L5. |   .9730643   1.047905     0.93   0.356   
>    -1.1091                                            
>               3.055228
         L6. |   .6626546   .9205482     0.72   0.474   
>  -1.166455                                            
>               2.491764
             |
       _cons |   6.217214   56.89211     0.11   0.913   
>  -106.8262                                            
>               119.2606
--------------------------------------------------------
> ----------------------
(349 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       7.71
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5388
                                                Root MSE
>           =     2.7198

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~23 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |   2.193186   5.067233     0.43   0.666   
>  -7.875299                                            
>               12.26167
             |
         lip |
         L1. |   .7295677   .3631495     2.01   0.048   
>   .0079973                                            
>               1.451138
         L2. |   .4406816   .4512565     0.98   0.331   
>  -.4559554                                            
>               1.337319
         L3. |  -.8363505   .4646432    -1.80   0.075   
>  -1.759587                                            
>               .0868857
         L4. |  -.1165727   .5207039    -0.22   0.823   
>    -1.1512                                            
>                .918055
         L5. |   .4829997   .4730774     1.02   0.310   
>  -.4569949                                            
>               1.422994
         L6. |  -.6634298   .3249649    -2.04   0.044   
>  -1.309128                                            
>              -.0177316
             |
     lppi_sa |
         L1. |   .4808736   .2889029     1.66   0.100   
>  -.0931702                                            
>               1.054917
         L2. |  -.6840294   .4222797    -1.62   0.109   
>   -1.52309                                            
>               .1550314
         L3. |  -.3925016   .3262507    -1.20   0.232   
>  -1.040755                                            
>               .2557517
         L4. |   .4596402   .3323872     1.38   0.170   
>   -.200806                                            
>               1.120086
         L5. |  -.3145234   .3320671    -0.95   0.346   
>  -.9743337                                            
>               .3452869
         L6. |   .5211555   .2007166     2.60   0.011   
>    .122336                                            
>               .9199751
             |
         gs1 |
         L1. |   1.850284   1.698059     1.09   0.279   
>  -1.523723                                            
>                5.22429
         L2. |  -2.410999   2.968499    -0.81   0.419   
>  -8.309342                                            
>               3.487345
         L3. |   2.644644   2.792079     0.95   0.346   
>  -2.903158                                            
>               8.192445
         L4. |   .8063211   2.581439     0.31   0.756   
>  -4.322944                                            
>               5.935586
         L5. |   1.207481    2.44794     0.49   0.623   
>  -3.656524                                            
>               6.071486
         L6. |  -3.523502    1.42721    -2.47   0.015   
>  -6.359338                                            
>              -.6876653
             |
      ebpnew |
         L1. |  -1.116543   1.051123    -1.06   0.291   
>  -3.205103                                            
>               .9720164
         L2. |  -.2511656   1.260766    -0.20   0.843   
>   -2.75628                                            
>               2.253949
         L3. |  -.7403457   1.247382    -0.59   0.554   
>  -3.218867                                            
>               1.738175
         L4. |   1.304341   1.121242     1.16   0.248   
>  -.9235423                                            
>               3.532225
         L5. |   .6949628   1.196592     0.58   0.563   
>  -1.682641                                            
>               3.072566
         L6. |   .6138971   1.010065     0.61   0.545   
>   -1.39308                                            
>               2.620874
             |
       _cons |  -15.08142   64.31348    -0.23   0.815   
>  -142.8709                                            
>               112.7081
--------------------------------------------------------
> ----------------------
(350 missing values generated)

Linear regression                               Number o
> f obs     =        115
                                                F(25, 89
> )         =       8.34
                                                Prob > F
>           =     0.0000
                                                R-square
> d         =     0.5801
                                                Root MSE
>           =      2.544

--------------------------------------------------------
> ----------------------
             |               Robust
DL_PRF_re~24 |      Coef.   Std. Err.      t    P>|t|   
>   [95% Con                                            
>           f. Interval]
-------------+------------------------------------------
> ----------------------
pmnegm_f~500 |  -3.654922   4.017833    -0.91   0.365   
>  -11.63827                                            
>               4.328426
             |
         lip |
         L1. |   1.143445   .3689528     3.10   0.003   
>   .4103434                                            
>               1.876546
         L2. |  -.1948596   .4520076    -0.43   0.667   
>  -1.092989                                            
>               .7032699
         L3. |  -.6768897   .4215937    -1.61   0.112   
>  -1.514587                                            
>                .160808
         L4. |   .3451063   .4548843     0.76   0.450   
>   -.558739                                            
>               1.248952
         L5. |   .0628434   .5025946     0.13   0.901   
>  -.9358013                                            
>               1.061488
         L6. |  -.5522597   .3594162    -1.54   0.128   
>  -1.266412                                            
>               .1618926
             |
     lppi_sa |
         L1. |   .4884234   .2470599     1.98   0.051   
>  -.0024795                                            
>               .9793262
         L2. |  -.9240989   .3481531    -2.65   0.009   
>  -1.615872                                            
>              -.2323261
         L3. |    .077774    .292038     0.27   0.791   
>  -.5024994                                            
>               .6580474
         L4. |   .0147932   .3282269     0.05   0.964   
>  -.6373868                                            
>               .6669731
         L5. |  -.1694735    .337608    -0.50   0.617   
>  -.8402935                                            
>               .5013464
         L6. |   .5700484   .2034648     2.80   0.006   
>   .1657681                                            
>               .9743286
             |
         gs1 |
         L1. |   1.051968   1.387842     0.76   0.450   
>  -1.705645                                            
>                3.80958
         L2. |  -1.884073   2.566389    -0.73   0.465   
>  -6.983434                                            
>               3.215288
         L3. |   5.784605   2.545533     2.27   0.025   
>   .7266853                                            
>               10.84252
         L4. |  -4.062323   2.501657    -1.62   0.108   
>  -9.033063                                            
>               .9084161
         L5. |   4.256877    2.70287     1.57   0.119   
>  -1.113667                                            
>               9.627421
         L6. |  -4.717723   1.496729    -3.15   0.002   
>  -7.691693                                            
>              -1.743754
             |
      ebpnew |
         L1. |  -1.070846    1.04224    -1.03   0.307   
>  -3.141754                                            
>               1.000062
         L2. |  -1.420248   1.250202    -1.14   0.259   
>  -3.904373                                            
>               1.063878
         L3. |   1.139791   1.142939     1.00   0.321   
>  -1.131205                                            
>               3.410786
         L4. |   .9007296   1.039029     0.87   0.388   
>  -1.163798                                            
>               2.965258
         L5. |   .4579582   .9899471     0.46   0.645   
>  -1.509046                                            
>               2.424962
         L6. |   .8392095   .8269386     1.01   0.313   
>  -.8038999                                            
>               2.482319
             |
       _cons |  -55.43203   57.91945    -0.96   0.341   
>  -170.5167                                            
>               59.65268
--------------------------------------------------------
> ----------------------

. 
. * Store results in dataset
. clear

. svmat results, names(col)
number of observations will be reset to 25
Press any key to continue, or Break to abort
number of observations (_N) was 0, now 25

. gen ci_90L = b - 1.645 * se

. gen ci_90H = b + 1.645 * se

. gen ci_67L = b - 0.98 * se

. gen ci_67H = b + 0.98 * se

. gen ci_95L = b - 1.96 * se

. gen ci_95H = b + 1.96 * se

. gen instrument = "`instrument'"

. gen price = "`price'"

.                                 
. * Plot
. twoway line ci_90L b ci_90H horizon, lcolor(black%30 m
> aroon black%30) yline(0, lcolor(black%75) lpattern(.-)
> ) note("`price_label' - `instrument_label' - Sample: `
> firstMonth' - `lastMonth' - 90% bands" "Controls: `con
> trols_label'") legend(off) ytitle("%") xtitle("months"
> ) graphregion(color(white))

. graph export "$path_graphs/`price'_`instrument'_`contr
> ols_name'.pdf", replace as(pdf)
(file ../text/figures//DL_PRF_reset_SA_pmnegm_ff4sp500_p
> piipgs1ebp16.pdf written in PDF format)

. 
.                                 
. *                               * Save
. *                               save "$path_regression
> Output/${aggregation}_`endogVar'_trend${includeTrend}_
> instrumented${instrumented}_horizon${forecastWindow}_`
> D'`price'_`instrument'`pl'", replace
. 
. restore

. keep dm lip lcpi ff gs1 ebpnew 

. * save data for Jesse
. * save using "../data/US_variables.dta", replace
. log close
      name:  <unnamed>
       log:  D:\research\monetary\pricing\US_CPI\code\..
> /data/US_LP.log
  log type:  text
 closed on:  18 May 2019, 17:13:40
--------------------------------------------------------
